From Smh.com.au: As price growth continues to weaken, the Bureau of Statistics has revealed that finance commitments for owner-occupied housing fell by 2.1 per cent in Victoria in September and was nearly 17 per cent below September 2009.
Building approvals for housing also fell significantly - by 4.1 per cent - in September compared with the previous month. Further market weakness is also evident with auction clearance rates softening - falling to 56 per cent last weekend according to Australian Property Monitors..............................................Full Article: Source